The Asia-Pacific automotive lead-acid battery market is projected to flourish at a CAGR of 4.97% between the years 2018-2026. The revenue generated by the market is predicted to reach $XX million by the end of this forecast period.

MARKET INSIGHTS

The automotive lead-acid battery market is categorized on the basis of end-users, customer segment, product, and types. China is a dominant market in the APAC region. However, India has seen a considerable rise in the recent years. This growth in the Indian market is propelled by the two-wheeler automotive segment. The huge investments made by the Indian government for road development projects in the rural and semi-urban areas has led to a rise in the sales of two-wheelers in the country. On the other hand, the lead-acid batteries in China are majorly finding their application in automotive starter storage batteries and electric bicycle power batteries. The market for the electric vehicles is on a constant rise for this region.